Lennar Corp: Being Right Feels So Good

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On January 7, 2009, Barry Minkow and the Fraud Discovery Institute issued an initial report on Lennar Corporation (NYSE:LEN), citing 10 Red Flags of Fraud.  Lennar immediately came forward and called FDI and its investigators liars, saying in one press release: Today convicted felon Barry Minkow, acting as an agent for a disgruntled litigant, Nicolas…

New Lennar Analysis: 72% chance of bankruptcy

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Barry Minkow and the Fraud Discovery Institute have just released a new report on Lennar Corporation (NYSE: LEN) by a Wall Street expert. Their press release summarizes the opinions of the expert: The Fraud Discovery Institute, Inc. released late this afternoon a new 16 page report completed by Wall Street analyst Reggie Middleton. Mr. Middleton…

Lennar Corporation (NYSE:LEN) Confirms Fraud Allegations; Debunks Own Lies

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In an interesting twist in the case of the Barry Minkow (Fraud Discovery Institute) fraud investigation of Lennar Corporation (NYSE:LEN)… it appears that Lennar itself has debunked the company’s own lies. In a new report released today, FDI lays out the original fraud allegations, the lies Lennar used to cover up, and the new admissions…

Lennar CEO responds to Barry Minkow and Fraud Discovery Institute

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Early today, Barry Minkow and Fraud Discovery Institute released a report on Lennar Corporation (NYSE:LEN), highlighting what the authors believe to be ten red flags of fraud at the company. Lennar’s stock was hit hard by the news. It didn’t take long for Lennar’s CEO Stuart Miller to speak out against the allegations. About all…

Barry Minkow Sentenced to Five Years’ Imprisonment on Stock Manipulation Conspiracy

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United States Attorney’s Office Southern District of Florida July 21, 2011 Press Release Wifredo A. Ferrer, United States Attorney for the Southern District of Florida, and John V. Gillies, Special Agent in Charge, Federal Bureau of Investigation (FBI), Miami Field Office, announced that defendant Barry Minkow, 44, of San Diego, California, was sentenced today on…

Fraud Discovery Institute Ends Investigation of Medifast Inc.

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UPDATE: On February 17, 2010, Medifast Inc. filed suit in US District Court, Southern District of California, alleging defamation, violation of California Corporations Code, and unfair business practices. On March 29, 2011, Judge Janis Sammartino dismissed all of Medifast’s claims against me in her ruling on my anti-SLAPP motion. In mid-2009, Barry Minkow and Fraud…